Stock recommendations (equity)

Yagnesh07

Well-Known Member
43) Buy call on Godrej Properties Ltd.
Buy @ 550
Tgt : 560-570
SL: 541 on closing basis

From last 2 weeks stock is closing below its previous day close and now start moving up from past 4 trading sessions.
As per RSI stock is in oversold zone on daily chart. Stock is facing resistance at 560 levels & next resistance stands at 570-572 levels which is its 55 days EMA.
As per MACD analysis there is a positive divergence.
 

Yagnesh07

Well-Known Member
@ shashi:
Hindustan Zinc CMP: 121.40
Stock is facing resistance at 122 levels if managed to close above this level than 2nd resistance stands at 125 levels which is it's 200 days EMA.

Stock has very good support level at 118.5 levels.
Use dips as a buy with and trade considering resistance levels.
 

Yagnesh07

Well-Known Member
Hi Shashzz,
1) Omax Auto: CMP- 52.4
Stock has given very good breakout 48.5 levels and set gap up candle stick out of bollinger band with huge rise in volume. Some up move expected here till up to 60-64 levels.
Stock is over bought zone as per RSI indicator.

2) IRB Infra :CMP- 125.9
Stock is facing resistance at 131 & next major resistance stands at 138 levels.
If managed to close above 138 levels will give target of 164.
Hold with stop loss of 120
Update:
IRB Infra broken resis and headed up to 137.75 as defined resistance 138 levels.
Now consolidating :clapping:
 

Yagnesh07

Well-Known Member
@ shashi:
Hindustan Zinc CMP: 121.40
Stock is facing resistance at 122 levels if managed to close above this level than 2nd resistance stands at 125 levels which is it's 200 days EMA.

Stock has very good support level at 118.5 levels.
Use dips as a buy with and trade considering resistance levels.
@ Dear Shashi:
Hindustan Zinc made the low of 118.75 as above stated support level 118.5
Stock hasn't cross the very 1st resistance of 122 levels
 

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